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Grand Co. began the year with inventory $150,000. During the year a fire destroyed the company’s warehouse. Accounting records are available with the following information for the portion of the year prior to the date of the fire:Purchases$ [A]Sales[B]Sales returns10,000Purchases returns4,000Grand has consistently maintained a [C]% gross profit ratio.  Using the gross profit method, at what amount will Grand Co. estimate the amount of inventory destroyed in the fire?

Briefly compare and contrast the income statement and balance sheet approaches to estimating bad debt expense, identifying the pros and cons of each method. Then, state the primary objective of the allowance method, and based on this objective indicate which approach, if either, is superior.

In 1-2 paragraphs, discuss the most important historical event/era that defines Western Civilization.  What makes it so impactful?  Is there a secondary event that could also be as important?  What peoples do you credit with being the most impactful on Western Civilization?

Give an example of one task that a System Administrator would perform in the Technical (Decommissioning) phase of the proper disposal process of a machine.

Describe active management in the context of OS installation. Provide a positive reason for this approach and a potential negative consequence.

Identify the type of network topology (star, ring or cloud) that is most appropriate (or typical) based on the circumstances and/or risks described below: Could be expanded for resiliency if additional data centers are needed? [ans1] A company who wants to access a third party network?  [ans2] Could be disruptive to the network if a new office was added? [ans3]

Define a disaster. List and provide an example of the three types of disasters that can occur.

Briefly describe the service type of Basic Services expected by users in an organization. Provide an example of such a Basic Service including the primary characteristic of this example that classifies it as a Basic Service.

In the following code segment, assume that the ArrayList numList has been properly declared and initialized to contain the Integer values [1, 2, 2, 3]. The code segment is intended to insert the Integer value val in numList so that numList will remain in ascending order. The code segment does not work as intended in all cases. int index = 0;while (val > numList.get(index)) { index++;}numList.add(index, val); For which of the following values of val will the code segment not work as intended?

Give an example of one task that a System Administrator would perform in the Accounting phase of the proper disposal process of a machine.